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<br /> ' (dl a wrft oi �,,�tion or atta�hment of�ny slmllar praces�ill be entere�ainst;�tor which ahall �
<br />_. , .hecome a Ilan on the Truat�34ate or any portlo� thereof ar intereat therein and Quch execution, attachment or simitar �'" '
<br /> process of judpment is nat reteased,bonded. aatistled,vacated or stayed within sixty(90) days atter Its entry or levy;or '
<br /> (e1 there haa occur►ed a breach of or de}tult under any te�m, covenant, aflr�ement, condition, pravision,
<br /> "m"''�d�. representation or warranty contained in eny pdor deed of trust or mortpa�e eTfecti�p the Trust Estate. [t -
<br /> m t. If an even of t I r n i I r;•�,o
<br /> ��"� 10. Acc�hridon ypon Odialt;Ada►tlonN R� ed► t de au t occu s, Be ef c ary may declaro the =
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<br /> ; y. Indabted�ess aecured hereby to be due and payable and the samo shall thereupon becomc due and paya6le without any .-,
<br />_ presentment, demand, protest or notice oi any kind. Thereafter, 8eneficiar,t may: -
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<br /> (i) either in person ar by apent,with or without brinpiny any actlon or prnceedinp,or by�receiver appotnted
<br /> ' ' ' by a courc and without reyard to the adequacy of(te security,enter upon and take possession of the Trust Estate,or any -
<br /> - � ��� part thereof, in its own name or In the name of Trustea,�nd do any acts which(t deems nacessary or desirable to preserve
<br /> ;,�:� the value,marketabitity or renta6ility of the Trust Estate,or part thereoi or Interest therein, increase the income therefrom
<br /> i"' .. , or pratect the aecu►ity hereof and.with or withaut takinp Rossesslon ot the Trust Estate,sue for or otherwise coilect the
<br />;-�4'�� �ents, issues �nd profits thereof, includtnp those past due and unpatd, and apply the same, less costs and expenses of
<br /> :rv'�. � operatlon md collection(ncludtnp attomeys' fees,upon any Indabtedness aacureQ hereby,all in such order as Beneficiary �
<br /> � � may determine. The enterinp upon and takinp passesalan of the Trust Estate, the collaction of such rents, iasues and
<br /> � profits and the application thereof as aforesaid shali not cure or waivp any detautt or notice of defauit hereunder or
<br />=;� • � � , invalldate eny act �one in response to such default or pursuant to such notice of default and, notwlthstandinp the -
<br /> - - , • . continuance in possession of the Trust Estate ar the callection, racefpt and application of rents, issues or profita,Truatee
<br /> " ..�� or Beneticiary shalt been entitled to exercise every riqht provided for in any ot the Loan Instruments or by law upon -
<br /> S`�:''}<=' � occurrence of eny event of defauit,includinp the dpht to exercise the power of aale;
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<br /> _-_ (ii) commence an actlon to foroclose this Deed of Trust as a mo►tpage, appoint a receiver or speclficalty
<br />-_-�-',: :; eniorce any of the covenants hereof;
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<br /> ar:vr;. �
<br /> �':��' (ifi) deliver to Trustee a written declaration ot default end demand for aale and a written notice ot default end
<br /> - ���s eieciion io cause i rusior's iniarnsi i�i iiin TiuSi c5iuin tu bG Sui�, vri�iui�iiuiicv Truainn�naii causo[o bo dufy iiied ivr °
<br /> ��-��`���r� ►ecord ln the apprapriate offices of the County in which the 7rust Estate is located; or
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<br />"��?���°��,� (iv) exercisa such othar rights ar remedies at law or In equity.
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<br />�� 11. Forrcksun byPow�r olSa/�. If Beneficiary elects to forectose by exercise of the Power of Sate hnrein contained,
<br /> �--- =�� Beneficiary sha11 notify Trustee and shall deposit with Trustee thls Second Deed of Trust and any note evldencfne the Indebtedness
<br /> �_`-'"';� and such receipts and evidence of axpenditures made and aecured hereby as Trustee may require.
<br /> v�'���°'� (a) Upon receipt of such not(ce irom Beneflciary,Trustee shall cause to be recorded, published and delfvered
<br />�� to Trustor such Notice of Default and Notice of Sale as then►equired by law and by this Secand Deed qf Trust. Trustee
<br /> -`��'� shall,witho�t demand on Trustor, after such time as may then be requlred by law and after recordatlon of such Nottce of
<br /> _._.-:� Default and after Notice of Sale havinp been plven as roquired by law,sell the Trust Estate at the tlme and place ot aale
<br /> --- -;,� flxed by it in such Notice of Sale,either as a whote,or in separate lots or parcets or items as Trustee ahall deem expedient,
<br /> ----�+•=�� and in such order as It may determine,at public auctlon to the hlyhest bidder for cash In lawiul money of the United States
<br /> ----- — payable at the time of sale. Trustee shall deliver to such purchaser or pu�ehase�s thereof its pood and sufficlent deed or
<br /> deeds conveyinq the property so sold,but withoui any covenant or warranty,express ar Implied. The recitals in such deed _
<br /> ----- - of any metters or facts shall be conclusive proof ot the truth}ulness thereot. Any person, includinfl wlthout Iimitation
<br /> ��'""'� Trustor,Trustee or Beneficlary,may purchase at such aale.
<br /> (b) As may be permitted by Iaw,after deductinp all aosts,feos and expenses of Trustee and of this Trust,
<br /> "`4�� Inctuding costs of evidence of title in cannection with sale,Trustee shall apply the proceeds of sale to payment of (il the
<br /> Indebtedness Ul)all other sums then secured hereby,and(fii►the remainder,if any,to the person or persons lepally entitled
<br /> - thereto.
<br /> _"�a„�
<br /> '"-"'�� (c) Trustee ma ln the manner provided by law postpone sale of all or an
<br /> ._,�;�:,-�.� Y y portlon oi the Trust Bstate.
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<br /> -����t 12. R�meaPis Not Exc/ustw. Trustee and Beneficiery, and each of tham, shall be entitled to anforce payment and �
<br /> 1 -'��'� � performance of any fndebtedness or obllpations sacured hereby and to exercise all riyhts and powers under this Second Dend of
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<br /> � •�M'�� ,_ Trust or under any Loan Instrument or other agreement or any laws now or hereafter in force; notwithstandtnp, some or all of the
<br /> �`:�h .. .�_�w such(ndebtedness and obligations sec�red herehy may now ar hereafter be otherwise sacured, whether by martgage,deed of trust,
<br /> y�"`'�"��'�'' pledpe,Ifen,asstpnment or otherwlse. Nefther the acceptance ot this Second Deed of Trust nor its enforcement, whether by court _.
<br /> �=":�' ' � action c+r pursuant to the power of sale or other powers herein contained, sha!1 prejudice or in any manner affect Trustee's or
<br /> �.��,.� �. Bennficiary's ripht to real►ze upon or enforce any other securiry now or hflreaiter held by Trustee or Beneflciary,lt beinq agreed that
<br /> ' . 7rustee and Beneficiary, and each of them,shall be entitled to enforce this Secand Deed o}Trust and eny other security now or -
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